Fed Ends Zero-Rate Era

Re:Fed Ends Zero-Rate Era by Spooky23 on Wednesday December 16, 2015 @07:44PM (#10748649)

Minimum wage has been around for a long time, and there are plenty of counter examples like restaurant workers and soldiers who could be studied who often get paid less than the minimum wage that has been around for decades.

You also cannot ignore that when the social safety net exceeds the value of working wages, particularly for women, there's a strong incentive to not work. Given the unavailability or high cost of health insurance, Medicaid makes that a no brainier for any woman with one or more children.

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Re:Fed Ends Zero-Rate Era by ceejayoz on Wednesday December 16, 2015 @10:09PM (#10749231)

> You also cannot ignore that when the social safety net exceeds the value of working wages, particularly for women, there's a strong incentive to not work. Given the unavailability or high cost of health insurance, Medicaid makes that a no brainier for any woman with one or more children.

Which is why basic income, single-payer health insurance, and free college are such compelling ideas.

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